The story of this market
The typical home in ZIP 98045 sells for about $1,284,301, or $480 per square foot.
Prices are up +40.4% from a year ago, so sellers still have some momentum. Homes take about 9 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,238 a month.
ZIP 98045 — North Bend
The North Bend housing market is highly competitive, characterized by a significant year-over-year increase in median sale prices and rapid turnover of inventory. High demand from commuters and lifestyle buyers continues to drive price appreciation despite broader regional market cooling trends. The market remains supply-constrained, keeping upward pressure on home values.
This ZIP is ideal for families and outdoor-oriented professionals who prioritize access to mountain recreation and a suburban lifestyle while remaining within commuting distance of the Seattle-Bellevue employment core.
Median prices moved up 40.4% year over year.
Homes spend a median of 9 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 3.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98045, King County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Snoqualmie Valley School District, which generally maintains high performance ratings within the region.
The region faces risks associated with wildfire and wind events typical of the Cascade foothills, with insurance premiums reflecting these environmental exposures.
North Bend serves as a growing residential hub on the I-90 corridor, benefiting from its proximity to Seattle-area employment centers while maintaining a distinct mountain-town character.
Property taxes are assessed by King County based on local levies and state-mandated school funding requirements; specific district rates vary by parcel.
Residents primarily commute via the I-90 corridor toward Bellevue and Seattle, with travel times heavily dependent on peak-hour traffic congestion.
The area is a gateway to the Cascade Mountains, offering immediate access to hiking trails, Mount Si, Rattlesnake Lake, and local shopping in the historic downtown district.
The rental market is characterized by high demand from commuters and outdoor enthusiasts, with limited inventory contributing to upward pressure on rents.
The local economy is supported by a mix of retail, tourism, and service industries, with many residents employed in the broader Seattle-Bellevue tech and corporate sectors.
The area is primarily served by the I-90 highway corridor, providing the main transit link to the Seattle metropolitan area.
Development is focused on managed residential growth and infrastructure improvements to support the increasing population along the I-90 corridor.
King County Department of Assessments manages property valuations using a mass appraisal system based on market sales data.
Parcels are subject to King County levies, Snoqualmie Valley School District taxes, and various local utility and fire district assessments.
Property insurance costs are influenced by regional wildfire risk assessments and the proximity to mountainous terrain.
foreclosure_note
Washington is a deed-of-trust state that primarily utilizes non-judicial foreclosure processes.
Washington law requires sellers to provide a detailed real property transfer disclosure statement regarding the condition of the property.
Data sourced from US Census Bureau and Wikipedia 2023 estimates.
- Remlinger Farms4.318.8 mi
- Kidz Bounce4.415.6 mi
- Remlinger Farms4.318.8 mi
- The Club at Snoqualmie Ridge4.512.8 mi
- Si View Park4.78.2 mi
- Fox Hollow Farm3.918.9 mi
- DirtFish511 mi
- Twin Falls Trailhead4.73.8 mi
- Snoqualmie Falls4.812.1 mi
- Franklin Falls Trailhead4.88.8 mi
- Hyak Sno-Park4.511.5 mi
- Middle Fork Snoqualmie Trailhead4.78.5 mi
- Northwest Railway Museum, Snoqualmie Depot4.511.1 mi
- Northwest Railway Museum, North Bend Depot4.48.3 mi
- Northwest Railway Museum, Train Shed Exhibit Hall4.510.2 mi
- The Olson Mansion4.718.4 mi
- Snoqualmie Falls Hydroelectric Museum4.411.9 mi
- Rattlesnake Ledge Trailhead4.86.7 mi
- Twin Falls Trailhead4.73.8 mi
- Snoqualmie Falls4.812.1 mi
- Snow Lake Trailhead4.89.4 mi
- Franklin Falls Trailhead4.88.8 mi
- The Club at Snoqualmie Ridge4.512.8 mi
- Mount Si Golf Course4.39.7 mi
- North Bend Premium Outlets4.28.7 mi
- Safeway48.4 mi
- QFC4.38.1 mi
- Laconia Market & Cafe4.79.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A prominent mountain peak offering extensive hiking trails and regional views.
A popular destination for swimming, fishing, and hiking in the nearby Rattlesnake Ledge area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.